O3b Networks, which counts Google amongst its shareholders, says it’s now ready to start building its satellite internet service having raised a total of $1.2 billion from a group of investors and banks.

Juniper Research has calculated that revenue from in-game purchases by mobile phone users will overtake the pay-per-download pricing model for mobile games by 2013. Total end-user revenue is expected to exceed $11 billion (£7 billion) per year by 2015, nearly double the $6 billion figure from 2009.